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407 Rialto Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 4 bath

407 Rialto Avenue, Venice, California 90291 home-pic-0
ACTIVE$2,995,000
407 Rialto Avenue, Venice, California 90291
4Beds
4Baths
3,158Sqft
2,624Lot

Price Vs. Estimate

The estimated value ($2,995,000) is $0 (0%) lower than the list price ($2,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location: Unbeatable proximity to Venice Beach (3 blocks) and the vibrant Abbot Kinney Blvd (2 blocks), offering a highly sought-after coastal lifestyle.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2624, living area = 3158.

Compared to the nearby listings

Price:$3.00M vs avg $2.29M (+$704,500)77%
Size:3,158 sqft vs avg 1,831.5 sqft84%
Price/sqft:$948 vs avg $1.3K17%

More Insights

Built in 2017 (8 years old).
Condition: Built in 2017, this property is only 7 years old, meeting the 'Excellent' criteria for age. The listing highlights 'luxe finishes' including Wolf and Sub-Zero appliances, seamless Corian countertops, and sleek Porcelanosa flooring and cabinetry. Images confirm a highly modern, high-end kitchen and bathrooms with contemporary fixtures, glass showers, and floating vanities, all appearing virtually new and in pristine condition. The overall aesthetic is architecturally designed and meticulously maintained, with no signs of deferred maintenance or physical depreciation.
Year Built
2017
Close
-
List price
$3M
Original List price
$3.35M
Price/Sqft
$948
HOA
-
Days on market
-
Sold On
-
MLS number
25553629
Home ConditionExcellent
Features
Excellent View:
Deck
Patio
View

About this home

Incredible value in one of Venice's most coveted neighborhoods - Just three blocks from the ocean and two from Abbot Kinney, this four-level contemporary by architect Ameen Ayoub epitomizes refined coastal living. Flooded with light on a corner lot, the main residence features 3 bedrooms with en-suite baths and an airy indoor-outdoor flow, while a private-entry 1-bed/1-bath ADU with a separate address offers effortless flexibility for guests, work, or income. Luxe finishes include a Wolf range, Sub-Zero refrigeration, seamless Corian countertops, and sleek Porcelanosa flooring and cabinetry. A show-stopping rooftop deck crowns the home with sweeping 360 views from the Santa Monica Mountains to Bel Air - perfect for sunset entertaining or quiet evenings under the stars. Lush Birds of Paradise and twin cactus gardens frame the architecture and invite coastal breezes.

Price History

Date
Event
Price
12/06/19
Sold
$2,920,000
11/26/14
Sold
$1,269,000
Condition Rating
Excellent
Built in 2017, this property is only 7 years old, meeting the 'Excellent' criteria for age. The listing highlights 'luxe finishes' including Wolf and Sub-Zero appliances, seamless Corian countertops, and sleek Porcelanosa flooring and cabinetry. Images confirm a highly modern, high-end kitchen and bathrooms with contemporary fixtures, glass showers, and floating vanities, all appearing virtually new and in pristine condition. The overall aesthetic is architecturally designed and meticulously maintained, with no signs of deferred maintenance or physical depreciation.
Pros & Cons

Pros

Exceptional Location: Unbeatable proximity to Venice Beach (3 blocks) and the vibrant Abbot Kinney Blvd (2 blocks), offering a highly sought-after coastal lifestyle.
Income-Generating/Flexible ADU: A private-entry 1-bed/1-bath ADU provides significant value for rental income, guest accommodation, or a dedicated home office.
Panoramic Rooftop Deck: A 'show-stopping' rooftop deck offers sweeping 360-degree views from the Santa Monica Mountains to Bel Air, perfect for entertaining and relaxation.
Modern Design & Luxury Finishes: Contemporary architecture by Ameen Ayoub (built 2017) with high-end appliances (Wolf, Sub-Zero) and premium materials (Corian, Porcelanosa).
Abundant Natural Light & Indoor-Outdoor Flow: Corner lot positioning ensures the home is 'flooded with light' and features an 'airy indoor-outdoor flow,' enhancing livability.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2624, living area = 3158.
Multiple Price Reductions: The property has undergone several price adjustments, dropping from an initial $3.35M to $2.995M, which may indicate market resistance or initial overpricing.
Limited Private Outdoor Space: While featuring a rooftop deck, the 2,624 sqft lot size is relatively compact for a property of this square footage, potentially limiting ground-level private yard space.
Multi-Level Living (4 Levels): A four-level layout, while maximizing views and space, could present accessibility challenges or be less appealing to buyers preferring fewer stairs, especially if no elevator is present.

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